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This set of Business Management Multiple Choice Questions & Answers (MCQs) focuses on Business Management Set 21
Q1 | Reflation is
- same as deflation
- a controlled inflation of moderate degree
- a temporary phase in which there is more production than demand
- a condition under which production is regulated to be equal to demand
- Rs. 17,50,500
Q2 | Against which type of account a cheque can be drawn?
- Share account
- Current account
- Time deposit
- Debenture account
- All of the above
Q3 | Which one is very sensitive to changes in iterest rate
- Supply of notes and coins
- Supply of bank money
- Speculative demand for money
- Transactions demand for money
- None of the above
Q4 | The price which covers the variable cost as well as the fixed price is
- Market price
- Long run price
- Short term price
- Equilibrium price
- Economic price
Q5 | F.W. Taylor introduced a system of working known as
- Line organisation
- Line and staff organisation
- Functional organisation
- Effective organisation
- None of the above
Q6 | A certain community needs Rs. 185090.62 to cover its expenses. If its tax rate is Rs. 1.43 per Rs. 100 of assessed value, what must be the assessed value of its property
- Rs. 12,870,005
- 12,900,005
- Rs. 12,943,400
- 12,240,500
- Rs. 17,50,500
Q7 | The annual financial statement of the estimated income and expenditure for the ensuring year is known as
- profit-loss account
- trading account
- budget
- barter
- Rs. 17,50,500
Q8 | Economic development of a country depends more on
- Natural resources
- Capital formation
- Availability of market
- Entrepreneurs
- All of the above
Q9 | Scheduling gives information as to
- when work should begin and how much work should be completed during certain period
- when the work should be completed
- how the time for completing a work is minimized
- none of the above
- None of the above
Q10 | A rupee received in one year is not equivalent to a rupee received today, because the use of money has a value. This is the principal under
- Pay back method
- Average return on investment method
- Present value method
- Discounted cash flow method
- Cost accounting method
Q11 | Standing orders contain
- History of management of a factory
- Names of directors of company
- List of important officers of a company
- Serve conditions, leave, discipline rules etc., for officers
- Service conditions, leave, discipline rules etc., for workers
Q12 | A consultant is usually compensated by way of
- salary
- perks
- dividend
- fee
- Rs. 17,50,500
Q13 | Which one of the following represents an event
- Curing of concrete
- Concrete cured
- Plastering of the walls
- Fixing of windows, doors, ventilators
- Fixing of electrical wiring.
Q14 | Overtime payment is a
- perquisite
- bonus
- demand
- incentive
- Rs. 17,50,500
Q15 | In India, telephone service comes under which market form
- Duopoly
- Bilateral monopoly
- Monopoly
- Perfect competition
- None of the above
Q16 | Which act provides for lay off and retrenchment compensation?
- Minimum Wages Act
- Workmen's Compensation Act
- Employees State Insurance Act
- Employees Provident Fund Act
- Industrial Disputes Act
Q17 | The economic function of middle-man is
- To exploit the parties involved in the exchange
- To ensure that parties to an exchange are made better off
- To make trade among individuals so that the middle-man realizes a profit
- Unjustified because the traders them selves could engage in trade and be better off if they did not pay the middle-men
- All of the above
Q18 | Placement is
- Matching
- Judging
- Hiring
- Finding
- None of the above
Q19 | Fringe benefit refer to
- Extra remuneration
- Overtime
- Non-wages
- Extra capital earning
- Bonus system
Q20 | Finance for small scale industries is not provided by
- State financial corporations
- State Bank of India
- Traveller's cheque
- Punjab National Bank
- Rs. 17,50,500
Q21 | The economy of Soviet Union is
- Capitalist economy
- Command economy
- Cooperative economy
- Market economy
- Competitive economy
Q22 | If more is demanded at the same price or same quantity at a higher price, this fact of demand is known as
- Extension of demand
- Increase of demand
- Contraction of demand
- Decrease of demand
- Fluctuation of demand
Q23 | Which falls under the category of joint supply
- Cotton and clothq
- Coal tar and molasses
- Rice and husk
- Coffee and tea
- Electricity and transistor
Q24 | According to census the number of males per 1000 females in India is approximately
- 900
- 937
- 960
- 990
- 1050
Q25 | The input-output analysis is often called as
- Cost benefit analysis
- Value analysis
- Analysis on marginal cost
- Non-pricing analysis
- Inter-industry analysis